Seven People’s United branches inside Stop & Shop grocery stores will close by Aug. 12, the bank’s owner, M&T Bank, told banking regulators.
M&T, which purchased People’s last year, said it plans to close the locations in Bristol, New Fairfield, Newtown, Norwalk, Pawcatuck, Vernon and Windsor.
People’s United previously announced its decision not to renew some in-store branch contracts in Connecticut.
M&T Bank finalized its $8.3 billion purchase of People’s United in April, and the Federal Reserve signed off on the deal in March.
The supermarket branch closings will not result in any layoffs, M&T officials told the Connecticut Post.
A total of 1,959 People’s United employees in Connecticut will remain after the deal is completed, M&T officials told the newspaper. People’s United’s Connecticut workforce will be cut by 28%, or 747 workers, the company previously said.
Earlier this month, the Buffalo, New York-based M&T Bank named Frank Micalizzi its head of commercial banking for Connecticut and Bridgeport regional president. It also named Michael Weinstock its Hartford regional president.
